CHICAGO | Boom rundown - everything over 12 floors. v5 - Page 178

10023 · #**3541** Posted **Oct 3, 2007, 9:33 PM**

Quote:

Originally Posted by trvlr70

This is all true. Prospective owners definitely care most about the interiors of their condos. Take 1000 Lake Shore Plaza for example. It has got to be one of uglist buildings in Chicago and the location is unbeatable and some of the condos inside are nothing short of spectacular.

Condos inside are nothing special. And people in the neighborhood don't like the building. But there's nothing you can do about it. It's there, it's ugly, and it's expensive. To tear it down you'd have to buy out everyone in the building, and given the location, any apartment is going to sell for a million bucks or more. So nothing will happen to that building for a very, very long time.

A re-cladding is all you can hope for, and those are known to happen. There have been a few notable ones in New York recently. I don't know that a balcony-clad monstrosity can be much improved though. Balconies inherently look bad, unless there's something really creative done (Aqua, Marina City) or they're perfectly integrated into the facade, neither of which would seem possible after-the-fact without major structural changes. And even a re-cladding would be very, very challenging in an occupied residential building. You wouldn't be able to do as much as with some office buildings that have been re-clad.

museumparktom · #**3542** Posted **Oct 3, 2007, 9:33 PM**

Nice South Loop update Mr DT. Anyone seen much happening with MP1600?

Nowhereman1280 · #**3543** Posted **Oct 3, 2007, 9:52 PM**

Quote:

Originally Posted by 10023

And people in the neighborhood don't like the building. But there's nothing you can do about it.

I live in the neighborhood and I like it. So do a couple of my friends who live here. I like it because its green and white, colors you don't see on many buildings. It adds some color to the skyline and is extremely retro. I don't think its the greatest building in the world, but it isn't all that bad. I once was looking at buying there actually.

spyguy · #**3544** Posted **Oct 3, 2007, 10:59 PM**

http://www.newcityskyline.com/SoNobreaksground.html

SoNo breaks the norm in Lincoln Park
Wednesday, October 03, 2007

SoNo, a 27-story condo building just south of North Avenue in Lincoln Park, broke ground in September and is scheduled for completion in late 2008.

honte · #**3545** Posted **Oct 3, 2007, 11:32 PM**

^ Thanks, Spyguy.

In other news, tomorrow the Landmarks Commission will vote on preliminary protection for the Engine Company 42 Firehouse, 228 W. Illinois Avenue, which is a part of the rather unattractive tower development proposed next door. The developer is applying for the Adopt-a-landmark FAR bonus - in this case, the landmark is being created for his benefit, but I wouldn't complain.

Considering that the tower likely would have been shorter and just as ugly without the inclusion of the landmark (eg, had it been demolished), I think we all can agree that this is a very positive event.

A lot of people seem to enjoy complaining about parking podiums and their "ruining" of Chicago's neighborhoods, but without a solution. A part of the solution should include the protection and inclusion of low-rise and historically significant structures, which can add charm, craftsmanship, and diversity at street level that many new developments lack.

Loopy · #**3546** Posted **Oct 3, 2007, 11:47 PM**

Quote:

Originally Posted by museumparktom

Anyone seen much happening with MP1600?

Crane is up!

http://forum.skyscraperpage.com/showpost.php?p=3088841&postcount=1502

museumparktom · #**3547** Posted **Oct 4, 2007, 12:00 AM**

Thanks Loopy I missed that.

i_am_hydrogen · #**3548** Posted **Oct 4, 2007, 12:08 AM**

600 North LSD, taken today:

firstcranialnerve · #**3549** Posted **Oct 4, 2007, 1:01 AM**

^ Looks like Parkview West is almost TO'd too.

spyguy · #**3550** Posted **Oct 4, 2007, 3:27 AM**

Quote:

Originally Posted by honte

A part of the solution should include the protection and inclusion of low-rise and historically significant structures, which can add charm, craftsmanship, and diversity at street level that many new developments lack.

There will also be a small garden west of the firehouse along Franklin.

SolarWind · #**3551** Posted **Oct 4, 2007, 3:34 AM**

Downtown office space on the rise
Highest prices in years bode well for new construction

October 3, 2007
DAVID ROEDER

http://www.suntimes.com/business/roeder/585018,CST-FIN-roeder03.article

Just a couple of years ago, a business hunting for downtown office space in Chicago could count on lease concessions and plenty of buildings from which to choose. Not any more.

The balance of power has moved dramatically in favor of the landlord...

SolarWind · #**3552** Posted **Oct 4, 2007, 3:42 AM**

October 3, 2007

MoMo

R+D659

Trio

Allure at K Station

The Tides

353 North Clark's Crane & River North Marriott Suites

SolarWind · #**3553** Posted **Oct 4, 2007, 3:45 AM**

October 3, 2007

155 North Wacker

i_am_hydrogen · #**3554** Posted **Oct 4, 2007, 3:56 AM**

^Great update, SW. I'm loving the shot of the Tides. Easily the best of the bunch in LSE--until Aqua (hopefully).

Nowhereman1280 · #**3555** Posted **Oct 4, 2007, 3:59 AM**

Quote:

Originally Posted by SolarWind

Downtown office space on the rise
Highest prices in years bode well for new construction

October 3, 2007
DAVID ROEDER

http://www.suntimes.com/business/roeder/585018,CST-FIN-roeder03.article

Just a couple of years ago, a business hunting for downtown office space in Chicago could count on lease concessions and plenty of buildings from which to choose. Not any more.

The balance of power has moved dramatically in favor of the landlord...

This article also states that the Ritz Carlton Residences has run into more obstacles. According to this they are being sued over the use of an alley. I really hope this one dies on the vine...

Chicago3rd · #**3556** Posted **Oct 4, 2007, 4:14 AM**

155 N Wacker about 5:35 p.m. Oct 4, 2007

Dr. Taco · #**3557** Posted **Oct 4, 2007, 5:54 AM**

Quote:

Originally Posted by SolarWind

The Tides

unbelievable. looks like a render

SolarWind · #**3558** Posted **Oct 4, 2007, 5:58 AM**

^ I used a polarizing filter to darken the sky.

Jaroslaw · #**3559** Posted **Oct 4, 2007, 6:39 AM**

Quote:

Originally Posted by SolarWind

Downtown office space on the rise
Highest prices in years bode well for new construction

October 3, 2007
DAVID ROEDER

http://www.suntimes.com/business/roeder/585018,CST-FIN-roeder03.article

Just a couple of years ago, a business hunting for downtown office space in Chicago could count on lease concessions and plenty of buildings from which to choose. Not any more.

The balance of power has moved dramatically in favor of the landlord...

Some of this may be due to the "Blackstone effect," and more broadly because as building valuations are dropping, rents have to rise to service the debt piled up in recent record-price acquisitions. In today's NYT:

http://www.nytimes.com/2007/10/03/realestate/commercial/03office.html?_r=1&oref=slogin

Key quote: "In Chicago, for example, rents usually do not budge much. Since February, however, when Blackstone bought Equity Office for $39 billion, asking rents for prime office buildings downtown have spiked, causing sticker shock for tenants whose leases are expiring in the next year or two."

bjorda1 · #**3560** Posted **Oct 4, 2007, 12:51 PM**

Quote:

Originally Posted by i_am_hydrogen

^Great update, SW. I'm loving the shot of the Tides. Easily the best of the bunch in LSE--until Aqua (hopefully).

Yea, but that doesn't say much. Hopefully Aqua can turn LSE around.